What Sentence Did the CBI Court Impose on a Woman in a Bank Loan Fraud Case?
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Synopsis
A significant ruling was delivered by the CBI Court in Ghaziabad, where Manisha Devi was convicted for a bank loan fraud scheme that defrauded Canara Bank of over Rs 1 crore. This case serves as a reminder of the relentless pursuit of justice by the CBI, demonstrating their commitment to tackling financial crimes.
Key Takeaways
- Manisha Devi received a lengthy sentence for her involvement in bank fraud.
- The fraud caused substantial financial losses to Canara Bank.
- The CBI is diligent in pursuing justice over extended periods.
- Financial institutions must uphold rigorous standards to prevent fraud.
- Public trust in banking can only be restored through accountability.
New Delhi, Sep 24 (NationPress) The Special Judge at the CBI Court in Ghaziabad has found Manisha Devi, a private individual, guilty of bank loan fraud and sentenced her to a prison term of three years, five months, and 15 days, along with a fine of Rs 50,000. This verdict was delivered on Wednesday.
The Central Bureau of Investigation (CBI) initiated the case on September 13, 2017, against Manisha Devi and her husband, co-accused Kapil Kumar, for their involvement in a criminal conspiracy.
According to the CBI, Manisha Devi was accused of colluding with her husband to apply for a loan without submitting complete documentation. They managed to get a loan of Rs 99 lakh approved in her name, using forged documents to purchase a plot, and subsequently withdrew Rs 96 lakh from the account, misusing the funds in violation of the loan agreement.
As a result of their actions, Manisha Devi caused a significant financial loss to Canara Bank (formerly known as Syndicate Bank) in Ghaziabad, amounting to Rs 1,17,66,950.
The CBI filed a charge sheet against Manisha Devi and other involved parties on December 23, 2021.
On September 9, 2025, the accused pleaded guilty in the Special Judge's court, acknowledging her wrongdoing.
The CBI Court accepted her guilty plea and subsequently convicted and sentenced Manisha Devi on Wednesday.
This case underscores the fact that, despite the lengthy proceedings—spanning nearly eight years—the CBI remains committed to pursuing justice vigorously.
In a related development, a Special CBI Court in Lucknow recently sentenced a bank official and two others to three years in prison, along with fines of Rs 1.25 lakh each, for their involvement in a fraud that resulted in a loss of Rs 6.80 crore to the bank.
The convicted individuals include Pankaj Khare, Deputy Chief Manager at Bank of India, along with two private persons, Rajesh Khanna and Shamshul Haq Siddiqui, in a case that originated in 2008 based on a complaint from the Bank of India.
All three were sentenced for their fraudulent activities committed between 2004-2006.
Point of View
I believe this case exemplifies the CBI's dedication to enforcing accountability within the financial sector. The conviction of Manisha Devi serves as a potent reminder that fraudulent activities will not go unpunished, reinforcing public trust in our banking institutions.
NationPress
24/09/2025
Frequently Asked Questions
What was the sentence for Manisha Devi?
Manisha Devi was sentenced to three years, five months, and 15 days in prison, along with a fine of Rs 50,000.
What fraud was Manisha Devi involved in?
She was involved in a bank loan fraud where she and her husband conspired to obtain a loan using forged documents.
How much money did the fraud amount to?
The fraudulent activities resulted in a loss of Rs 1,17,66,950 to Canara Bank.
When was the CBI case registered?
The CBI registered the case on September 13, 2017.
What is the CBI's stance on financial fraud cases?
The CBI remains committed to pursuing justice in financial fraud cases, as demonstrated by the conviction of Manisha Devi.
